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Source: NEW: ZimStat, UNICEF launch national survey to assess children, women welfare – herald

Ivan Zhakata

THE Zimbabwe National Statistics Agency (ZimStat), in collaboration with the United Nations Children’s Fund (UNICEF), has begun the 2025 Zimbabwe Multiple Indicator Cluster Survey Round 7 (MICS7) aimed at collecting key data to assess the welfare of children and women across the country.

In a statement, ZimStat director-general Mrs Tafadzwa Bandama said the exercise is a critical step towards generating evidence-based information to guide national policy and development planning.

“The Multiple Indicator Cluster Survey is designed to collect reliable data on the situation of children and women in Zimbabwe,” she said.

“It has evolved from 28 indicators in its first round to more than 200 in the current one, becoming a crucial source of information on child protection, education, health and nutrition.”

She said the 2025 MICS will update existing data and track progress towards national and international targets, including the Sustainable Development Goals (SDGs), the United Nations Sustainable Development Cooperation Framework and Zimbabwe’s Vision 2030.

“The results will support the evaluation of the National Development Strategy 1 (NDS1) and inform the formulation of NDS2,” Mrs Bandama said.

“This will ensure that development strategies are grounded in evidence and focused on improving the welfare of children and families.”

Enumerators, Mrs Bandama said, will visit selected households nationwide to collect data.

She said each enumerator will carry official MICS identification cards and regalia for authentication.

“All information collected is strictly confidential and will be used solely for statistical purposes,” Mrs Bandama said.

“ZimStat urges all selected households to cooperate fully and provide accurate information during this national exercise.”

The MICS7, supported by the Government and UNICEF, will provide updated data to strengthen monitoring of the Sustainable Development Goals and guide future development initiatives.

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Source: CSC gets a new lease of life, exits business rescue process – herald

Nqobile Bhebhe

Zimpapes Business Hub

COLD Storage Company (CSC), once Zimbabwe’s largest beef producer, has officially exited corporate rescue following the successful implementation of the turnaround measures to revive one of the country’s most iconic agro-industrial assets.

The development signals the successful conclusion of a lengthy recovery process initiated to restore CSC’s operations and protect jobs after years of financial distress that nearly brought the once-vibrant beef exporter to its knees.

According to a notice published over the weekend, the corporate rescue process, which began in December 2020, has now formally ended.

“Notice is hereby given pursuant to Section 125 (2) of the Insolvency Act [Chapter 6:07] that a notice of substantial implementation of the corporate rescue plan of CSC, adopted by affected persons on April 15, 2025, has been filed with the Master of the High Court.

The corporate rescue proceedings of CSC ended with effect from October 16, 2025,” read the statement by outgoing corporate rescue practitioner, Mr Crispen Mwete.

Operational control of the Bulawayo headquartered company will now be handed back to its management and board.

“Any issues relating to the company must henceforth be directed to the company’s management and board,” the notice added.

CSC has been struggling to sustain profitable operations over the past years and faced the risk of liquidation as creditors demand their dues.

Mounting debts and accusations of poor management and alleged corruption, among other factors, had dragged the company into insolvency, while an increased risk profile made it difficult to attract fresh investment or working capital.

At the time of corporate rescue, experts attribute insolvency to several factors such as corporate governance failures, imprudent financial management, adverse changes in external factors, internal constraints such as inadequate funding, old equipment, loss of key suppliers, customers and personnel.

Its creditors include Zesa Holdings, the National Social Security Authority, and the urban councils of Bulawayo, Harare and Chinhoyi.

CSC’s assets comprise multiple ranches, including Maphaneni in Kezi, Dubane in Gwanda, Darwendale in Mashonaland West, Umguza in Matabeleland North, Chomfukwe, Umzingwane-Railway Block Gwanda, Chivumburu in Masvingo, Mushandike (Meyers Rust) in Masvingo, Zeederberg Belwigwe, and Willsgrove Feedlot in Bulawayo.

 

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Source:  Labour union rejects RioZim’s US$160,000 settlement offer amid corporate rescue bid challenges – herald

Business Reporter

A labour body has rejected a US$160 000 settlement offer from RioZim Limited to withdraw its application seeking to place the listed diversified resources company under corporate rescue.

The Zimbabwe Diamond and Allied Minerals Workers Union, which is owed by RioZim, deemed the offer insufficient as it lacked guarantees for broader employee and corporate welfare.

RioZim, which is facing a financial crisis, has not been remitting subscriptions due to the mining employees’ representative body, which affirms the union’s claim that the company requires rescue proceedings.

The application for corporate rescue was lodged by some of the company’s workers, represented by ZDAMWU.

The union argues that RioZim is facing severe operational and financial challenges and that the corporate rescue is the only mechanism that could save it from collapse.

The development comes after RioZim chief executive Mr Rajgopal Swami publicly urged ZIDAMWU to cease creating “hurdles” to the company’s revival, arguing the corporate rescue application was hindering recapitalisation efforts and delaying the process of settling employee arrears.

Mr Swami maintained that a successful turnaround was “definitely possible,” asserting the company was “at the cusp of a breakthrough.”

He also emphasised that the company’s future hinged on unity and a shared commitment to long-term recovery among all stakeholders.

RioZim, through its lawyers Nyahuma’s Law, made the offer “completely without prejudice” and contingent upon ZIDAMWU making an “unequivocal undertaking” to abandon all legal cases related to the corporate rescue bid.

Furthermore, the offer required the union to consent to RioZim’s application for leave to appeal a High Court judgment that stopped the company from freely dealing with its assets.

 

The settlement offer also demanded that ZIDAMWU should desist from “tarnishing its image.”

“The tender is made on condition that prior to the release of the funds, you make an unequivocal undertaking to withdraw and abandon all its (court) cases and relative to the placement of our client under corporate rescue,” RioZim said.

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Source: The Zim monodialogues

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Source: Zimbabwe’s manufacturing sector secures US$1.4 billion in investments, poised to accelerare economic growth – herald

Business Reporter

Zimbabwe’s manufacturing sector is set to accelerate economic growth, after attracting over US$1,4 billion in new investments for expansions in 2025 alone.

Over the last few years, Zimbabwe’s economic growth has been driven by agriculture, mining, and tourism, supplemented by a significant services sector led by wholesale and retail trade.

Construction has also contributed significantly to the economic growth in recent years through major Government and private investments in infrastructure, housing, and public amenities.

But manufacturing has recently emerged as Zimbabwe’s top contributor to the gross domestic product, accounting for 15,3 percent in 2024.

It surpassed mining (14,5 percent), wholesale and retail trade (11,9 percent), financial services (10,8 percent), and agriculture (9,3 percent), according to the 2025 Mid-Term Budget Statement.

From steel and cement to pharmaceuticals and food processing, the wave of industrial activity signals renewed confidence in Zimbabwe’s economic reforms and the success of the country’s industrialisation agenda.

According to Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube, “These investments are driving structural transformation, import substitution and job creation as the nation accelerates towards Vision 2030.”

“We are witnessing unprecedented expansion across multiple value chains,” said Minister Ncube in a presentation at the ZANU-PF Annual People’s Conference in Mutare. “This growth reflects the resilience of Zimbabwean industry and the positive impact of policies implemented under the Second Republic.”

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